CTS Forex Receives Funding from Government Research Agency

CTS Forex, a Calgary, Alberta firm specializing in automated foreign exchange algorithmic trading has received funding from national research and training organization Mitacs to further its expansion initiatives. The partnership is a nod to CTS Forex’s credibility edge and its promise as an up and coming force in the currency market industry.

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Calgary, Alberta (PRWEB) November 17, 2012

CTS Forex, a Calgary, Alberta firm specializing in automated foreign exchange algorithmic trading has received funding from national research and training organization Mitacs to further its expansion initiatives. The partnership is a nod to CTS Forex’s credibility edge and its promise as an up and coming force in the currency market industry.

Mitacs-Accelerate is a research program connecting business organizations with over 50 research-based universities. In these partnerships, graduate students and postdoctoral fellows apply their specialized expertise to business challenges. Interns benefit from real-world experience, while the companies gain access to high-quality expertise.

The partnership is also a marriage with the University of Calgary - Haskayne School of Business’s MBA Program, which will provide the resources, including the expertise of distinguished Professor Dr. Robert Schulz, who will oversee and guide the engagement. Schulz has been teaching at the Haskayne School of Business since 1973. He was given the prestigious title of “Calgary’s king of the competitive case competitions” by The Globe and Mail in 2009. He has won 21 outstanding teaching and student service awards and has been named in seven Who’s Who publications.

“It is undoubtedly a testament to CTS Forex’s planning, early success and potential as a startup to have it endorsed by Mitacs and the University of Calgary. It is the ideal support we can garner at this phase, and I am excited to see things go in full gear," said Winsor Hoang, CEO and Founder of CTS Forex.

CTS Forex provides an investment vehicle for hedge fund managers, modern family offices, and larger financial intermediaries seeking to diversify their investment portfolios and improve returns. CTS Forex develops and licenses automated currency trading solutions that target consistent returns through a trading model primarily built on discipline, direction, and consistency. Trading models are designed to cut losses short and run with profits; two-year performance has shown significant returns may be achieved even when winning trades are under 50%. As the global stock markets continue to suffer from volatility, CTS Forex returns are achieved by market fluctuations. By acting upon this volatility, CTS Forex offers a proven way of increasing diversity, minimizing risk, and increasing overall portfolio returns.

“CTS Forex’s underpinning foundation is credibility. It is the demonstrated value that we have provided our customers, and the support from Mitacs and the University of Calgary further adds to this value proposition,” added Hoang.

Background Notes:

CTS Forex was formed in 2004 with the goal of creating automated trading models that would track and analyze foreign currency markets and initiate trades based upon established investor risk profiles. After seven years of development, back testing and live trading, the first trading models were offered commercially. The current trading system consists of six trading models (robots,) each of which analyzes the markets from a different perspective. Two models track up markets, while others specialize in tracking down and sideways markets. This approach offers greater market insight than single, multi-purpose algorithms. Automated trade initiation eliminates a major problem with the older, signal-based, manual trading technique by helping investors react more quickly to market changes.

Winsor Hoang graduated with Honors in Electrical Engineering in 1997 and is a registered professional engineer. Mr. Hoang has worked for a number of large Canadian technology companies including Nortel Networks, Sierra Wireless, and Research in Motion, specializing in automated test system designs. Winsor has successfully transferred his skills from automated test system design into automated trading system design. He is now the chief architect for the automated system engineering and coordinator of technical resources. Winsor is also in the process of writing a book about Forex trading.

For information on CTS Forex, please visit the website: http://www.ctsforex.com

Contact info:

Winsor Hoang, P.Eng., Founder and CEO
Office: 587-333-8466
Cell: 604-603-1889
Fax: 1-888-548-7488
winsor(at)ctsforex(dot)com


Contact

  • winsor Hoang
    CTS Forex
    6046031889
    Email